It’s no secret I follow insider trading – you can follow my REAL-TIME posts and premarket insider and market commentary on my free Twitter feed, @tradeforreal.

Right now I am seeing insiders step up to the plate in the energy sector. And why not? Oil and gas prices are down 30% to 40% from their recent highs, and the fundamentals for energy look great.

The war in Ukraine, the OPEC cutback, China’s reopening and the winter season are just four reasons energy may be the sector to step into.

And there is a floor of sorts on energy prices, as the U.S. must refill its SPR (Strategic Petroleum Reserve) at some point after a massive drawdown. The government has stated it will start buying at levels below $70 per barrel… very close to where oil traded earlier this week.

So it’s no surprise that insiders are stepping in. They see demand, and they are willing to put their money where their mouths are.

These three companies are seeing nice insider buying, and each one has a different angle.

1)  Enviva (EVA) is a producer of wood pellets, and it is shipping tons to Europe to help with the energy crisis. Its 6.3% dividend is pretty juicy, too. Insiders have been buying the heck out of the shares.

2)  Transocean (RIG) is a provider of offshore drilling rigs.

3)  HighPeak Energy (HPK) is a small cap, low-cost explorer and producer of oil and natural gas.

Each one of these companies has seen large and recent insider buying. Their businesses are doing very well, yet their share prices are depressed. That makes for opportunity in a market that is sorely lacking in great opportunities that present great value.

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